DA Davidson cut shares of Canada Goose (NYSE:GOOS) from a buy rating to a neutral rating in a research report released on Thursday, Briefing.com Automated Import reports. They currently have $42.00 target price on the stock, down from their prior target price of $48.00.
GOOS has been the subject of several other reports. Credit Suisse Group decreased their price objective on Canada Goose from $76.00 to $72.00 and set an outperform rating for the company in a report on Thursday, August 15th. Zacks Investment Research upgraded Canada Goose from a hold rating to a buy rating and set a $41.00 price objective for the company in a report on Tuesday, September 3rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Canada Goose has a consensus rating of Buy and an average price target of $63.87.
Shares of GOOS stock traded down $0.83 on Thursday, hitting $37.63. The stock had a trading volume of 2,226,159 shares, compared to its average volume of 1,742,147. The company has a quick ratio of 0.76, a current ratio of 3.38 and a debt-to-equity ratio of 1.47. The business has a 50 day moving average price of $40.59 and a 200 day moving average price of $42.11. The company has a market cap of $4.12 billion, a PE ratio of 36.89, a P/E/G ratio of 1.19 and a beta of 3.13. Canada Goose has a one year low of $31.67 and a one year high of $72.27.
Canada Goose (NYSE:GOOS) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.01. The firm had revenue of $71.10 million during the quarter, compared to the consensus estimate of $54.38 million. Canada Goose had a return on equity of 41.47% and a net margin of 15.60%. The firm’s quarterly revenue was up 59.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.16) earnings per share. Equities research analysts expect that Canada Goose will post 1.26 EPS for the current year.
A number of institutional investors have recently made changes to their positions in the business. Advisor Group Inc. raised its holdings in Canada Goose by 10.2% in the second quarter. Advisor Group Inc. now owns 3,759 shares of the company’s stock worth $146,000 after purchasing an additional 347 shares in the last quarter. Kistler Tiffany Companies LLC bought a new position in Canada Goose in the second quarter worth about $29,000. Commerzbank Aktiengesellschaft FI raised its holdings in Canada Goose by 8.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 11,321 shares of the company’s stock worth $438,000 after purchasing an additional 844 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Canada Goose by 108.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,345 shares of the company’s stock worth $104,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Canada Goose in the second quarter worth about $52,000. Institutional investors and hedge funds own 51.20% of the company’s stock.
About Canada Goose
Canada Goose Holdings Inc designs, manufactures, and sells premium outdoor apparel for men, women, youth, children, and babies. The company operates in two segments, Wholesale and Direct to Consumer. It offers parkas, jackets, shells, vests, knitwear, and accessories for fall, winter, and spring seasons.
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